Mutiny continues to hit high grade gold and copper at Deflector
THE DRILL SERGEANT: Australian gold-copper resources company, Mutiny Gold has announced new high-grade gold intersections from the West Lode of its Deflector Gold deposit in Western Australia. By Mark Jones.
The results were received from Mutiny’s ongoing diamond drilling program at the Deflector deposit. The results will be incorporated into the revised resource estimation, which is expected to be released in the coming months.
Mutiny has almost completed a new 67-hole diamond drill program at its Deflector deposit
Deflector gold-copper deposit. Source: Company announcement
The initial 12 holes were drilled to verify the general tenor of shallow historical drill-holes for which full data was unavailable.
These holes targeted both high and low grade areas of the West and Central Lodes; an initial examination of the results indicated that the holes have verified the tenor of the previous drilling.
Intersections include:
• 3.3 metres @ 79grams per tonne and 10.5 per cent copper from 62 metres
• 3m @ 3.4g/t gold and 0.2 per cent copper from 32m
• 3m @ 4.1g/t gold and 0.1 per cent copper from 11m
As with previous holes in the area, multiple intersections were achieved within some holes, as a number of parallel lodes are present at depth within the deposit.
“The continued discovery of high-grade gold and copper intersections at Deflector continued to increase confidence in the quality of the asset”, said Mutiny Gold’s managing director, John Greeve, in an announcement to the Australian Securities Exchange.
He added, “we look forward to releasing further results from the diamond drill program over the coming weeks.”
The company plans to commence mine development in the second half of 2012 leading to an open pit mining operation at the Deflector deposit, followed by underground mining after two years.
